NewsRoom Articles - BillionDollarClub

WednesdayApr 17, 2024 9:00 am

What Could Affect NIO Inc. Stock in Short-Term

Chinese automotive company Nio Inc. (NYSE: NIO) has raised more than $5 billion in investor capital so far, and its stock is one of the most searched on Zacks.com. Despite these positive moves, Nio shares had a -20.1% return during the past four weeks compared to the +1.6% gain seen by the Zacks S&P 500 Composite. The Zacks Automotive–Foreign industry category where the company’s shares are listed also saw a 1.2% gain over the same period. Although it didn't pioneer the idea of battery swapping as an alternative to charging battery electric vehicles (BEVs), Chinese electric vehicle company Nio was…

MondayApr 15, 2024 9:00 am

A Peek into Lucid, the Startup Giving Tesla a Run for Its Money

Once dubbed the “Tesla killer,” electric vehicle start-up Lucid Motors (NASDAQ: LCID) was expected to push Tesla to the ropes and threaten the EV giant's global supremacy. Lucid seduced investors with the idea of luxury electric cars that offered better performance than the Porsche Tycan, Maybach S-Class levels of ambience and more range than any other battery electric vehicle (BEV) on the globe. With its headquarters expected to be in mid-California, Lucid’s main base of operations would be close enough to Meta to poach some of its top coding experts while providing the startup with great weather all year round.…

FridayApr 12, 2024 9:00 am

Trust Point Increases Stake in Rivian Automotive

Trust Point Inc. recently increased its stake in Rivian Automotive Inc. (NASDAQ: RIVN), purchasing more than 10,478 shares of the auto manufacturer’s stock. The total value of the recently purchased shares stands at $246,000. Trust Point is one of several institutional investors and hedge funds that have made changes to their positions in Rivian Automotive. During the third quarter, Vanguard Group Inc. increased its stake in the electric vehicle manufacturer by 0.6%. After buying the additional 408,677 shares, the investment company now owns 63,845,364 shares of Rivian, with a total value of worth $1,550,165,000. Morgan Stanley also raised its stake…

WednesdayApr 10, 2024 9:00 am

Analysts Are Confident About D-Wave Quantum, Raise Price Targets

D-Wave Quantum Inc. (NYSE: QBTS), a quantum computing company founded in 1999, recently recorded an upswing after seasoned market analysts Craig Hallum and Roth Mkm increased their price objectives for the company. Hallum adjusted his target to $2.50 from $1.75 with a buy recommendation while Mkm expressed optimism by increasing his price goal to $3 from $2. The quantum computing company is earning more confidence from market experts as it takes bigger strides in the quantum computing domain. Its trading demonstrates a consistent upward trend with an opening stock price of $2.02. During the last 12 months, D-Wave Quantum has…

MondayApr 08, 2024 10:30 am

D-Wave Quantum Inc. (NYSE: QBTS) Announces Financial Results and Operational Updates for Q4 and Full Year Ending December 31, 2023

Bookings and revenue for the full year, as well as Q4 YOY, showed significant increases, with a number of operational and technical developments and market achievements Key additions to the leadership team include Lorenzo Martinelli as Chief Revenue Officer and Dr. Trevor Lanting as Chief Development Officer. Sec. Kirstjen Nielsen, former Secretary of Homeland Security, has joined the Board of Directors D-Wave's current commercial product offerings include Advantage(TM), its fifth-generation quantum computer, the Leap(TM) quantum cloud service, the Launch(TM) quantum computing onboarding service, the Ocean(TM) suite of open-source programming tools, and the Quantum QuickStart(TM) quantum programming training D-Wave Quantum (NYSE:…

MondayApr 08, 2024 9:00 am

Tesla Reveals Q1 Saw Record Deployments of Its Energy Storage Products

Earlier this week, Tesla Inc. (NASDAQ: TSLA) announced a huge milestone in its energy-storage deployment. In its statement, the automotive and clean energy company revealed that during the first quarter of this year, 4053 MWh of energy-storage products had been deployed. This represents the highest deployment made by the company in a quarter to date. During the same period, the company produced more than 433,000 vehicles, with about 387,000 of them being delivered to clients. Tesla’s production figures include more than 412,000 Model Y and Model 3 vehicles, which are its highest-volume models. Deliveries of this duo made up 369,783…

FridayApr 05, 2024 9:00 am

QuantumScape Corp. Starts Making Deliveries of Battery Prototypes

Recently, QuantumScape Corp. (NYSE: QS) announced that it had begun shipping its latest battery prototype in accordance with this year’s objectives. This marks an important step in the company’s journey toward the commercialization of its QSE-5 battery cell. The battery prototypes, Alpha-2 battery cells, represent an evolution from the A0 prototypes that were sent to consumers for automotive qualification at the end of 2022. One of its clients, PowerCo, confirmed that QuantumScape’s solid state cell significantly outdid the requirements in the A-sample test and completed more than 1,000 charging cycles. For an electric vehicle with a range of 500–600 kilometers…

WednesdayApr 03, 2024 9:00 am

Fisker Future Shaky as NYSE Halts Trading of Shares

Last week, Fisker Inc. (NYSE: FSR) shares were halted on the NYSE after the stock exchange announced that the auto-manufacturer’s stock would be delisted because of low price levels. This comes after the company gave a warning in its latest earnings report that it may not have enough funds to survive 2024. According to a filing Fisker made with the United States Securities and Exchange Commission, delisting will require it to pay off debts due in 2025 and buy back bonds due in 2026. Earlier this month, the EV company had announced that it was in talks with a major…

MondayApr 01, 2024 10:30 am

D-Wave Quantum Inc. (NYSE: QBTS) Announces Upcoming Fourth Quarter Financial Results and Conference Call

D-Wave will release its financial results for the fourth quarter and fiscal year 2023 before market open on Thursday, March 28, 2024 D-Wave will host a conference call on March 28, 2024, at 8:00 a.m. (Eastern Time) to address the company’s financial performance and strategic outlook CEO Alan Baratz and CFO John Markovich will participate in the conference call discussion D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, recently announced the scheduled release of its financial results for the fourth quarter and fiscal year 2023, which concluded on December 31, 2023. The release is set…

MondayApr 01, 2024 9:00 am

Alibaba Cloud Announces Training Facility in Dubai

Earlier this week, Alibaba Group Holding Ltd. (NYSE: BABA) officially launched a training facility in Dubai. The training center, under the Alibaba Cloud umbrella, will operate as the digital technology and intelligence backbone of the multinational technology company, which specializes in e-commerce, retail, internet and technology. Alibaba Cloud is situated in Dubai Internet City, an international technology ecosystem that is part of TECOM Group’s portfolio of businesses in Dubai. TECOM’s other projects include Dubai International Academic City, Dubai Media City, Dubai Production City, Dubai Design District (d3), Dubai Knowledge Park, Dubai Studio City, Dubai Industrial City and Dubai Science Park.…

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